Tag: Retail industry
China’s April Retail Sales Growth Falls Short, Consumption Concerns Persist
Citizens was shopping at a supermarket in Nanjing, East China's Jiangsu province, on March 9, 2024. Costfoto | Nurphoto | Getty ImagesChina's retail sales growth slowed in April, data from the National Bureau of Statistics...
China’s Retail Sales and Industrial Output Exceed Expectations
China's Economy Shows Resilience Amid Global ChallengesA bustling marketplace in Beijing paints a vivid picture of China's economic landscape, where retail sales and industrial output have exceeded expectations, offering a glimmer of hope in...
Amazon’s Global Expansion Plans for Temu and Shein Competitor
Amazon's Global Expansion Plans for Temu and Shein CompetitorAmazon, a retail giant in the online marketplace, is gearing up for an ambitious expansion of its competitor to Temu and Shein. This move is set...
Holiday Shopping Season Winners: Retailers Pulling Away from the Competition
As the holiday season approaches, retailers are gearing up to attract shoppers looking for party outfits, makeup, toys, and other discretionary items. However, not all retailers are reaping the benefits of the festive season....
Hugo Boss Stock Drops 9% After Cutting 2024 Guidance Due to China Demand Decline
Hugo Boss, the German luxury fashion house, saw its stock drop by 9% after revising its sales guidance for 2024 due to a decline in demand from China. The company now expects full-year sales...
Saks Fifth Avenue Parent HBC Acquires Neiman Marcus Group in $2.65 Billion Deal
Saks Fifth Avenue parent company, HBC, has announced its acquisition of Neiman Marcus Group in a $2.65 billion deal. This merger will bring together two well-known retailers to form Saks Global, which will include...
Forever 21 Seeks Rent Concessions Amid Financial Struggles
Forever 21, a well-known fast-fashion retailer with over 380 stores in the U.S., is facing financial struggles and seeking rent concessions from landlords. The company has reportedly asked some landlords to reduce its rent...
Apple discontinues buy now, pay later loan services in the United States
Apple has announced that it will no longer be offering loans through its buy-now-pay-later program, Apple Pay Later, in the United States. This decision comes as the tech giant plans to introduce installment loans...
Holiday Week Boosts Retail Sales in Wall Street Brunch
This week, Wall Street experienced a rare midweek holiday with the stock and bond markets closed for the Juneteenth Holiday on Wednesday. The four-day trading week usually means lower volume and added volatility, which...
China’s Yiwu sees surges in orders as Paris 2024 approaches
China's Yiwu Experiences Increase in Orders as Paris 2024 ApproachesIn anticipation of the upcoming Paris 2024 Olympics, China's Yiwu city has seen a significant surge in orders for various products. The city, known for...
UK Stocks: Frasers Group (FRAS) Boosts Investment in Hugo Boss – TipRanks.com
UK Stocks: Frasers Group (FRAS) Increases Investment in Hugo BossIn a recent development in the UK stocks market, Frasers Group PLC has announced a significant increase in its investment in Hugo Boss, the Germany-based...